The information in this article is up to date for tax year 2024 (returns filed in 2025).
The IRS has announced that the tax filing season will begin on January 27, 2025. However, you can get a head start on your tax return now with ezTaxReturn. The key deadlines you need to know are April 15, 2025, for filing your federal income tax return, and October 15, 2025, if you’ve been granted an extension. This article will guide you through important dates, preparation tips, and filing methods to ensure a smooth tax season.
Key Takeaways
- Tax season kicks off January 27th, with the federal return due by April 15, 2025.
- Gather all necessary documents, stay organized, and keep up with tax law changes to avoid errors during filing.
- E-filing is the fastest and safest way to submit your tax return, typically leading to quicker refunds compared to paper filing.
When is Tax Season?
Tax season is the time for taxpayers to file federal income tax returns and comply with tax laws. The IRS expects over 100 million individual tax returns by the deadline, making preparation key. Taxpayers need to report all taxable income, including digital asset-related income and transactions on their 2024 federal income tax return and ensure they understand their obligations regarding income taxes.
The significant volume of federal tax returns and the complexity of tax laws can be overwhelming. Being well-prepared and aware of key tax deadlines can make this season easier to navigate, especially with the help of tax preparation software like ezTaxReturn.
This guide provides the necessary information to file your return accurately and on time, whether you’re an individual taxpayer or a tax professional.
Getting a Head Start on Tax Season: Why Early Preparation Matters
Tax season involves more than filling out forms; it’s about ensuring financial compliance and taking advantage of potential credits and deductions. Taxpayers can start preparing their taxes before the official start date by using tax software or consulting professionals. The busiest months for tax preparers are January to April, so starting early is wise.
This period marks when the IRS begins accepting and processing tax returns, making it critical for taxpayers. Staying ahead and understanding the timeline helps avoid last-minute rushes and potential errors.
Key Dates for the 2025 Tax Season
Key dates for the 2025 tax season are vital for timely and accurate filing. Knowing the start of tax season, the federal tax return due date, and the extension deadline helps you stay on track.
Start of Tax Season: January 27, 2025
Tax season typically starts in late January. This year the IRS will begin accepting and processing tax returns on January 27th. When tax season begins, being prepared and informed ensures a smoother filing process and may result in receiving your tax refund sooner.
Federal Tax Return Due Date: April 15, 2025
April 15, 2025, is the federal tax return due date for individuals. This date is commonly known as Tax Day, the last day for filing individual federal income tax returns. If this date falls on a weekend or holiday, the deadline extends to the next business day.
File your federal income tax return by this date to avoid penalties and interest charges. If more time is needed, request an extension before the April 15, 2025 deadline.
Filing on time helps you avoid unnecessary stress and potential financial consequences. Don’t wait! File now with ezTaxReturn.
Extension Deadline: October 15, 2025
If granted an extension, the final date to submit your tax returns is October 15, 2025. This extension provides an additional six months to file your return, but any owed taxes must still be estimated and paid by the original due date of April 15, 2025.
Preparing for Tax Season
Effective preparation is key to a successful tax season. Starting early and following necessary steps ensures a smoother process and avoids last-minute stress.
Here are some essential steps to help you prepare for the 2025 tax season.
Gather Necessary Tax Documents
Gathering all necessary tax forms is the first step in preparing for tax season. Standard documents include W-2s, 1099s, and other relevant forms. If you’ve received payments from third parties, a Form 1099-K is necessary if earnings exceed $5,000. Ensure you have W-2 forms from all employers if taxes were withheld from your paycheck.
If you’re missing any required forms, request additional documentation. Complete and accurate documentation is crucial to avoid processing delays and ensure your tax return is filed correctly.
Organize Financial Records
Good recordkeeping makes tax filing easier. Establish an effective system, whether electronic or paper, to track your financial records. Organizing your documents helps identify potential deductions and credits, smoothing the tax preparation process.
Keeping detailed records of income, expenses, and deductions streamlines your tax preparation and ensures all necessary information is readily available when filing your return.
Understand Changes in Tax Law
Tax laws can change yearly, so stay updated on new regulations that may affect your tax liabilities or credits. Understanding these changes helps you accurately file your return and take advantage of new benefits or deductions.
Filing Your Taxes
Several methods are available for filing your taxes, including electronic and paper filing. Each method has its pros and cons, so choose the one that best suits your needs.
Electronic Filing (E-Filing)
E-filing is the fastest and most secure method to submit your tax return. Tax software for electronic filing greatly reduces mistakes by checking for errors and prompting for missing information. Additionally, e-filing allows for quicker tax refunds compared to traditional methods.
Filing electronically helps avoid common mistakes, such as math errors, and ensures prompt processing. This method is recommended for its efficiency and security. File your taxes quickly and easily with ezTaxReturn—start now!
Paper Filing
Paper filing is a traditional method of submitting your tax return to the IRS. Some taxpayers prefer this method for personal reasons, but paper returns can take significantly longer to process compared to electronic submissions. The IRS typically takes up to eight weeks to process paper returns, whereas electronic filings usually result in refunds in about 21 days.
Consider using electronic filing for quicker processing and faster refunds unless you prefer paper filing for personal reasons.
Free Filing Options
Around 70% of taxpayers can use free brand name tax software for electronic filing, making tax preparation simpler and more accessible. For example, ezTaxReturn offers a FREE simple federal tax return service with easy-to-follow, step-by-step instructions, requiring no prior tax knowledge.
Free filing options make the process more accessible and ensure accurate calculations and the largest possible refunds by facilitating the use of current tax credits and deductions.
Refund Timing and Methods
Understanding the timing and methods of receiving your tax refund is crucial for financial planning. Most taxpayers receive their refund within 21 days of filing electronically. Get your refund faster with ezTaxReturn—start now!
IRS Refund Schedule
The IRS typically issues refunds within 21 days for e-filed returns. Errors and incomplete information can cause delays. To prevent delays, ensure your return is accurate and double-check it before submission.
For returns claiming the Earned Income Tax Credit, the IRS issues refunds after mid-February due to additional review processes required under the PATH Act.
State Refund Timelines
State tax refunds are generally issued faster for electronic filings, often within 30 days. However, paper-filed state tax returns can take up to 12 weeks to process.
Direct Deposit for Faster Refunds
Direct deposit is the fastest method to receive tax refunds, reducing the waiting period to about five days. Taxpayers without bank accounts can opt for prepaid debit cards or mobile payment apps to receive their refunds.
Consider using direct deposit, prepaid cards, or mobile apps to expedite your tax refund process and receive funds faster.
What Happens if You Miss the Deadline?
If you miss the tax filing deadline, options depend on whether you owe taxes or are due a refund. Filing late can lead to longer wait times, added stress, and potential penalties.
There are still options available to minimize the impact.
Penalties for Late Filing
Interest and penalties are charged each day your return is delinquent. If you miss the deadline, penalties and fines may apply; file as soon as possible to minimize costs. If the return is filed more than 60 days late, the minimum penalty can be a specific dollar amount or 100% of the unpaid tax, whichever is lower.
Penalties and interest accrue from the due date, so file your tax return as soon as possible to minimize them.
Options for Payment Plans
For those unable to pay taxes in full, the IRS offers payment plans to manage unpaid taxes. There are two primary types: short-term plans for those who can pay within 120 days and long-term installment agreements for those needing more time.
To apply for a payment plan, taxpayers can fill out Form 9465 for installment agreements or use the Online Payment Agreement tool on the IRS website. Have your financial information ready to show you qualify.
Requesting an Extension
If more time is needed to file your tax return, request a six-month extension by filing Form 4868 by the original due date. However, even with an extension, you must still estimate and submit any owed taxes by the original due date to avoid penalties and interest charges.
Tips for a Successful Tax Season
Tax season can be stressful, but the right strategies can help you navigate it successfully. Here are tips to avoid common pitfalls and make the most of the 2025 tax season.
Avoid Common Tax Mistakes
Common tax mistakes can lead to delays, penalties, and missed refund opportunities. Keeping detailed records of income, expenses, and deductions streamlines the tax preparation process and helps avoid errors. Missing the federal tax return deadline can result in penalties and interest charges, so file as soon as possible to minimize these costs.
Using tax software like ezTaxReturn can ensure accurate and efficient tax preparation. They offer step-by-step guidance and built-in error checks, making it easier to avoid mistakes and file your return correctly.
Protect Against Identity Theft
Identity theft during tax season can result in unauthorized filings and delayed refunds. An Identity Protection Personal Identification Number (IP PIN) is a six-digit number that prevents unauthorized tax returns using your Social Security or ITIN. Filing your tax return early can help protect against identity theft by reducing the window of opportunity for scammers.
You can sign up for an IP PIN through the IRS Online Account or by in-person authentication at a Taxpayer Assistance Center. For the 2025 filing season, the IRS will allow acceptance of certain forms. This rule applies even when a dependent is claimed on a previously filed return, provided the primary taxpayer has a valid IP PIN.
Use tax software
Using reliable tax software can aid in preparing accurate tax returns while offering guidance through the filing process. Individuals with straightforward tax situations can submit their federal tax returns without any charges through ezTaxReturn. This software provides comprehensive step-by-step guidance and alerts users for any missed information, ensuring accuracy and efficiency.
ezTaxReturn employs advanced security technologies to protect user data and guarantees the largest possible refunds by facilitating the use of current tax credits and deductions. Certain users can complete e-filing of their tax returns in approximately 30 minutes, thanks to the service’s efficient processing.
Summary
The 2025 tax season can be manageable with the right approach. By understanding key dates, preparing early, and using the right tools and resources, you can ensure a smooth and successful tax filing experience. Remember to gather all necessary documents, stay organized, and keep updated on any changes in tax laws.
Whether you choose to file electronically or via paper, taking the time to prepare and file your tax return accurately will help you avoid common mistakes and potential penalties. Embrace these tips and strategies, and you’ll be well on your way to a stress-free tax season.
Frequently Asked Questions
When does the 2025 tax season officially begin?
The 2025 tax season kicks off on January 27, 2025. That’s when the IRS starts accepting tax returns. But you can begin preparing your tax return now with ezTaxReturn and we’ll send it over to the IRS as soon as they open.
What is the federal tax return due date for 2025?
Your 2024 federal tax return is due on April 15, 2025, unless that day falls on a weekend or holiday, in which case it gets pushed to the next business day. Just remember to mark your calendar!
How can I request an extension for filing my tax return?
You can easily get a six-month extension on your tax return by filing Form 4868 by the original due date. This gives you until October 15 to submit your paperwork.
What are the benefits of electronic filing (e-filing)?
E-filing is a total game changer for submitting your taxes; it’s super fast and secure, cuts down on mistakes, and gets you your refund way quicker. So if you want an easy and efficient tax process, e-filing is definitely the way to go!
How can I protect against identity theft during tax season?
To keep your identity safe during tax season, get an Identity Protection PIN (IP PIN) from the IRS and file your return early. These steps can really cut down on your risk of identity theft!
Ready to get a head start on your taxes? With ezTaxReturn, you can easily prepare your 2024 tax return today and stay ahead of the game. Get your biggest possible refund and 100% accurate results, guaranteed!
The articles and content published on this blog are provided for informational purposes only. The information presented is not intended to be, and should not be taken as, legal, financial, or professional advice. Readers are advised to seek appropriate professional guidance and conduct their own due diligence before making any decisions based on the information provided.
